tag Mexico

Oil Gains as Storm Causes US Gulf Production Halts

EghtesadOnline: Oil prices rose on Monday as a tropical storm in the Gulf of Mexico forced companies to evacuate rigs and halt production, but gains were kept in check by wider concerns about excess supply and falling fuel demand.
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Publish Date:15/September/2020 | 10:06

Oil Holds Near 5-Month High on US Output Cuts

EghtesadOnline: Oil rose towards $46 a barrel on Wednesday, near the highest since March, lifted by US producers shutting most of their offshore Gulf of Mexico output ahead of Hurricane Laura and a report showing a drop in US crude inventories.
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Publish Date:27/August/2020 | 18:43

Oil Prices Edge Higher

EghtesadOnline: Crude oil prices rose on Monday as storms closed in on the Gulf of Mexico , shutting more than half its oil production, and on coronavirus optimism after US regulators approved the use of blood plasma from recovered patients as a treatment option.
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Publish Date:25/August/2020 | 11:15

Offline Gulf of Mexico Oil Production Falls to 6.5%

EghtesadOnline: Roughly 6.5% of crude oil production in the US Gulf of Mexico remained offline on June 12 from Tropical Storm Cristobal's weekend saunter through the region, bringing the area's output closer to normalcy during what after a dozen days has already been an active hurricane season.
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Publish Date:14/June/2020 | 11:07

Mexico Says Reached Deal With Trump to Cut Crude Output

EghtesadOnline: The president of Mexico -- the lone holdout in an OPEC deal to cut crude production and shore up prices -- said Friday that he has reached a deal with the US president to reduce oil output.
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Publish Date:12/April/2020 | 18:00

OPEC, Allies Agree to Historic 10 Million bpd Output Cut

EghtesadOnline: A historic production cut agreement between OPEC and its allies, known as OPEC+, hit a roadblock after Mexico refused to agree to its share of the cuts after a marathon meeting between the oil-producing nations that lasted more than nine hours.
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Publish Date:11/April/2020 | 15:51

Oil Posts Biggest Monthly Drop in 6 Months

EghtesadOnline: Oil slumped over 3% on Friday and posted its biggest monthly drop in six months, after US President Donald Trump stoked global trade tensions by threatening tariffs on Mexico , a key US trade partner and major supplier of crude oil.
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Publish Date:02/June/2019 | 08:36